Prime Minister Mostafa Madbouly denied rumors about selling Banque du Caire for $1 billion. He
The Egyptian government is reassessing Banque du Caire’s value through a commissioned advisor. This step,
Egyptian banks reported net profits of EGP 426.911 billion for the first nine months of
Emirates NBD has received approval to conduct due diligence for acquiring a stake in Banque
The IMF has completed the fourth review of Egypt’s $8 billion Extended Fund Facility, allowing
In February 2025, Egypt’s core inflation decreased to 10%, down from 22.6% in January. Urban
Hassan Abdalla, Governor of the CBE, led Egypt’s delegation at the G20 Finance Ministers and
Hassan Abdalla, Governor of Egypt’s Central Bank, led the delegation at the G20 Finance Ministers
Beginning March 8, 2025, all banks in Egypt will offer free account openings without minimum
Egypt’s Prime Minister Mostafa Medbouly reported that the Purchasing Managers’ Index (PMI) has exceeded 50